Acredale Builders Limited
|
Registered Number
:
01049518
|
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2021
Acredale Builders Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Acredale Builders Limited
Statement of Financial Position
2020
2021
Property
,
plant and equipment
|
97,994
108,236
2
97,994
108,236
9,606
8,275
3
Trade and other receivables
|
16,156
29,280
4
75,034
Cash and cash equivalents
|
86,234
123,789
100,796
Trade and other payables
:
amounts falling due within one
|
year
|
(42,101)
(70,879)
5
58,695
52,910
Net current assets
Total assets less current liabilities
|
150,904
166,931
150,904
Net assets
166,931
7,500
7,500
95,977
95,977
6
47,427
63,454
150,904
166,931
Shareholders' funds
For the year ended 31 March 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
b
)
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
|
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
|
394
and
395
and which otherwise comply with the requirements of the Companies Act
2006
relating to financial
|
statements
,
so far as applicable to the company
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Mr A C P Wooster Director
|
These financial statements were approved and authorised for issue by the Board on 07 December 2021 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2021
Acredale Builders Limited
Notes to the Financial Statements
Statutory Information
Acredale Builders Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
01049518
.
|
47 Salisbury Road
Larkhall
Bath
BA1 6QZ
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Land and buildings
Plant and machinery
Motor vehicles
The company
''
s freehold properties were professionally valued in
0
.
This valuation has been reduced by subsequent
|
depreciation
.
Under the transitional provisions of the Financial Reporting Standard for Smaller Entities
(
effective
|
January
2015
)
the properties continue to be stated at that valuation less accumulated depreciation to date and that
|
valuation has not been updated
.
|
The company
''
s freehold properties are revalued in full every five years
.
Interim valuations are carried out when it is
|
likely that there has been a material change in value
.
|
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
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For the year ended 31 March 2021
Acredale Builders Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
275,960
124,254
26,178
125,528
125,528
26,178
124,254
275,960
Provision for depreciation and impairment
|
167,724
96,839
22,670
48,215
Charge for year
10,242
6,854
877
2,511
177,966
103,693
23,547
50,726
74,802
2,631
20,561
97,994
77,313
3,508
27,415
108,236
2020
2021
8,275
9,606
4
.
Trade and other receivables
|
2020
2021
29,280
16,156
5
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
13,082
3,141
Taxation and social security
|
22,209
13,383
Accruals and deferred income
|
23,500
13,500
12,088
12,077
70,879
42,101
3 of 4
For the year ended 31 March 2021
Acredale Builders Limited
Notes to the Financial Statements Continued
Revaluation reserve at
01
April
2020
|
95,977
95,977
Revaluation reserve at
31
March
2021
|
Shares alloted
,
issued and fully paid
|
Number Class Nominal Value
2016 2015
|
Ordinary Shares
-
each share has full rights in the company with respect to voting
,
dividends and distributions
.
|
7
.
Average number of persons employed
|
During the year the average number of employees was 0 (2020 : 9)
4 of 4